I just contributed to the 🕯️ KZG Ceremony 🕯️ using 0x259ac…430a to help scale Ethereum
↓ Add your own randomness ↓ ceremony.ethereum.org
Permanently suspended on twitter due to violating unnamed "Twitter ToS".. years worth of work, reputation, communities, all gone down the drain. Appeals are only met by automated responses.
Maybe it's time to become a total web3 native. About time dapps remove dependency on web2 social media for proof of humanity. @stani.lens how can we achieve this?
Ledger's controversial product, Ledger Recover, has ignited heated debates on CT.
On May 16, a space hosted by @Ledger featured the CXO, CTO and co-founder in an attempt to clarify doubts about this upgrade. If you missed it, here's a TLDR - along with my take🔥💸!
@iancr (CXO) drops the facts on Ledger Recover:
• Optional subscription service that won't leave you vulnerable
• Simplifies seed phrases for new users
• Opt in/out as needed
• $50k coverage if things go awry.
@P3b7_ (CTO):
Our service uses Shamir's secret-sharing technique to divide the seed phrase into three encrypted fragments using a symmetric key within secure element. Partners communicate through a secure channel, so no third-party interference is possible.
@BTChip (Co-founder):
While the subscription service has KYC, it supports traditional recovery like notary services. For situations where someone else might need to access your crypto such as an accident. Design intention is to maintain user control at all times. (??)
Catch this: @Ledger goes back on their word.
On Nov 15 '22 they claimed firmware couldn't extract keys...
And now, in May 2023, it's "ALWAYS" been possible. 🤔
My thoughts:
The potential backdoor in Ledger Recover raises valid concerns. It creates a vulnerability for dangerous parties, and Ledger's closed-source nature leaves users unable to assess their security. #SecurityConcerns
Ledger's closed-source firmware have sparked debates. The new Ledger Recover raises concerns as users can't examine the code, limiting their ability to verify its integrity. Transparency is crucial for security,
Let me ask you something:
Do you honestly believe that third parties have never attempted to breach a Ledger device? 🔍 So there's no indication that malicious actors will ever stop trying. 🤨
🔒 If you owned a Ledger device before this fiasco knowing and trusting a closed source device to be invulnerable to attacks, you can continue to trust it. This service changes nothing, it's always been about trusting an organization to do what they claim. 🛡️
However, this still creates uncertainty about @Ledger's priorities. Raising a possibility of cooperating with Law Institutions and hostile confiscations of people's wallets, adding a huge question mark -- "Be your own bank?????"
That being said, I truly believe that launching this service on a new Web3 n00b friendly wallet is the best move for Ledger right now. Being able to expand their reach all the while retaining their privacy seeking customers happy.
I will continue using my Ledger for the meantime without upgrading my firmware. I am not a security expert so DYOR.
I don't believe anything is truly air-gapped when it can be connected to a network/device.
Those looking at other options:
@Trezor (Open Source)
@gridplus (OS in Q3)
@ngrave_official ("Air-Gapped" uses QR codes for transactions)
bitaddress.org (to create a paper wallet offline) ⭐ here's a guide 99bitcoins.com/bitcoin-wallet/paper/
Comment if you know better ones
@eth_ben has finally launched the much awaited $PSYOP token. Time to analyse the token contract...
Decentralized social media is the future, and Lens is leading the charge. With its focus on privacy, community-driven governance, and user empowerment, Lens is poised to disrupt the centralized social media landscape.
Unlike traditional social media platforms, which collect and sell user data for profit, Lens is designed to protect user privacy. It's built on Polygon to ensure that users have full control over their data, and that their personal information remains secure and private while keeping the utility affordable, secure and fast.
Lens is also a community-driven platform, with users playing an active role in the governance of the network. This means that decisions about how the platform evolves are made by the people who use it, rather than by a centralized authority.
Another key advantage of Lens is its user empowerment features. Unlike traditional social media platforms, which are designed to keep users engaged for as long as possible, Lens is designed to give users more control over their online experience.
With Lens, users can curate their own feeds, choose which communities to participate in, and even earn rewards for their contributions to the network. This empowers users to shape their own online experience and participate in a more meaningful way.
Lens is still in its early stages, but it has already garnered a lot of attention from the decentralized community. With its focus on privacy, community-driven governance, and user empowerment, it's clear that Lens is the future of decentralized social media.
If you're interested in learning more about Lens and how it works, check out their website at lens.xyz/ and join the conversation on social media using the hashtag #Lens. The future of social media is here, and it's decentralized.
I'm saying my piece in the #futureofsocial by signing the @t2world.lens manifesto. Which values do you support?
1/ 🐻 A bear market is a period of declining prices and economic downturn. It can be a challenging time for investors and businesses. However, bear markets also present opportunities for those who are prepared. One way to prepare is by 🧠 building skills and 🤝 networking.
Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
